KINDLY EXPLAIN THREE TYPES OF ACCOUNTS WITH EXAMPLES
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Answer Posted / inderjeet
There are three types of accounts,
1)Personal
1.1)Artificial person (bank, company, )
1.2)Natural person(ram shyam mohan)
2)Real (Assests:- cash, building, goodwill)
3)Nominal (all expenses and gain , profit and loss)
exp :- Rent
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